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  • Internal Control and Risk Management

Internal Control and Risk Management

Successful internal control and risk management support the achievement of organisational goals and the planning of operations and finance. 

Internal control and risk management for municipalities and joint municipal authorities 
Municipalities and joint municipal authorities are subject to a constantly increasing number of requirements related to internal control and risk management. The reform of the Local Government Act and other changes in the operating environment have set significant additional requirements for the organisation of risk management in local authority corporations. 

Local authority corporations must ensure that their internal control and risk management are in line with the Local Government Act. The significance of risk management has grown, particularly because of more diverse methods of organising municipal duties. Municipal operations are increasingly managed by joint municipal authorities, limited liability companies and foundations. As a result, more systematic internal control and risk management is required from local authority corporations. 

Internal control and risk management enable accountable operators – such as municipal boards, committees, management groups and senior officials – to ensure that the operations within their spheres of responsibility are profitable and that the principles of good governance are followed and risks are managed. 

Internal control and risk management in municipal companies

Risk management and internal control are part of good governance and management. All municipal companies should be aware of the internal and external risks that they are exposed to. They should also know how they can best manage these risks. According to the Local Government Act, internal control and risk management are part of the duties of the municipal board and the municipal manager. 

Successful risk management supports many areas: management, operational and financial planning, decision-making, financial administration, risk management and the achievement of goals. Our experts will help your company develop a systematic, comprehensive method of managing the risks that your company is exposed to. This will also help you secure a successful future for your operations. 

Our internal control and risk management services for municipalities, joint municipal authorities and local authority corporations cover:

  • Establishing a foundation for internal control and risk management
  • Preparing guidelines for internal control, risk management and corporate governance
  • Identifying and assessing risks and determining risk management measures
  • Assessing and developing the current state
  • Preparing reports
  • Carrying out risk assessments
  • Providing internal control services
  • Providing training for employees.